Saudi Arabian stock alert

SAARAB

CLOSING UPDATE: Wafra Industry and Development up 13.6% in 2 days 20 September 2018 16:49 AST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

This is an end of day Alert, produced after today's Saudi Arabian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Wafra Industry and Development, Saudi Arabia's 14th largest agriculture & food industries company by market capitalisation, extended its gains on Thursday, rising an additional 46.0 hallalah (or 3.0%) to trade at SAR15.90. Trading volume was 3.8 times average at the end of the day. The shares have risen SAR1.90 (or 13.6%) over the past two trading days vs. the All Share Index (TASI) which has risen 1.6% in the same period.

Bullish Signals:

+ Tobin's Q Ratio is 1.6. Compared with the rest of the market the stock is undervalued.

Note

Wafra Industry and Development today is at a discount of 33.4% to the 12-month high of SAR23.86 on 28 Sep, 2017. It is at a premium of 23.1% to the 12-month low of SAR12.92 on 30 Jul, 2018.

The stock has underperformed 62% of the Saudi Arabian market over the past 6 months.

Bearish Signals:

In the last three months the stock has hit a new 52-week low four times, pointing to a downtrend.

The present value of SAR1,000 invested one year ago is SAR699 [vs SAR1,061 for the All Share Index (TASI)].

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price/Sales of 5.2 [2.1]

TODAY'S ALERTS

Afternoon Alert: Wafra Industry and Development up 14.1% in 2 days

20 September 2018 14:38 AST

Wafra Industry and Development Co. (TASI:2100) extended its gains on Thursday, rising an additional 54.0 hallalah (or 3.5%) to trade at SAR15.98. Trading volume was 3.5 times average so far today. The shares have risen SAR1.98 (or 14.1%) over the past two trading days vs. the All Share Index (TASI) which has risen 1.5% in the same period.

Morning Alert: Wafra Industry and Development up 16.4% in 2 days

20 September 2018 11:26 AST

Wafra Industry and Development Co. (TASI:2100) extended its gains on Thursday, rising an additional 86.0 hallalah (or 5.6%) to trade at SAR16.30. Trading volume was 2.6 times average so far today. The shares have risen SAR2.30 (or 16.4%) over the past two trading days vs. the All Share Index (TASI) which has risen 1.1% in the same period.

Wafra Industry and Development Co. (SA:2100; SAU:2100; AB:2100)

ISIN: SA0007879220

Source: www.BuySellSignals.com